Dopex is an advanced cryptocurrency that operates through a decentralized options protocol. Its primary aim is to maximize liquidity and minimize losses for those writing options, while ensuring maximum gains for option buyers. Dopex provides a user-friendly platform, enabling anyone to engage in the option pool. Participants can deposit their base/quote currencies into the pools, generating passive income by writing options and purchasing discounted options through the available liquidity.
Additionally, option writers enjoy a unique rebate system that compensates them for losses incurred when options are exercised during monthly or weekly epochs. The rebates are calculated based on the percentage of losses suffered by option writers within a given weekly epoch and are paid in rDPX, which is the protocol's dedicated rebate token. Users participating in the option pool receive a portion of rPDX relative to the value of their losses. Through this innovative rebate system, option writers can achieve higher returns compared to traditional hedging strategies.
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